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Dec 10, 2012
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and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and that's surely not good news. in a moment you're going to see if you look carefully at the lower box there on the left-hand side of the screen, those people there are the telemundo actors ringing the bell today for the nasdaq and they put their names down here, i'm afraid i don't have them handy available. they're actors. and the dow stills are off and running and we weren't expecting a big opening. we're pretty flat. dow industrials down 4. that's it. but we have mcdonald's reporting better than expected sales in november. remember the pre
and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and...
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Dec 13, 2012
12/12
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lead the economy for a generation. the second big issue is the safety net, the so-called idea of preserving the safety net. is this going to become the most important thing we do in america, as in europe, or is america about something bigger and better and more interesting than simply preserving the safety net? >> or even defining the safety net. when i think of a safety net, i think of a high wire and think of the net underneath. what's supposed to happen is you fall and it bounces and lifts you back. i feel like we have a fishing net here, where people get caught in it and stay in it forever. that's the difference between the safety net and the fishing net that we're ending up with right now. >> we end up having to work, go to work every day and pay taxes ultimately simply to protect this safety net, rather than create a vibrant growing economy that will create jobs in the future for our children, our grandchildren, that's what the democrats are saying no, we work to just support this safety net. and i think the repu
lead the economy for a generation. the second big issue is the safety net, the so-called idea of preserving the safety net. is this going to become the most important thing we do in america, as in europe, or is america about something bigger and better and more interesting than simply preserving the safety net? >> or even defining the safety net. when i think of a safety net, i think of a high wire and think of the net underneath. what's supposed to happen is you fall and it bounces and...
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but the economy's added some 3 1/2 million, 4 million jobs and that is a recovery. it's not as fast as the reagan recovery. it's faster than the push recovery and it's factored somewhere in there. >> i never thought i'd hear you say-- >> a starting point clearly was-- >> all right, i take your point. it's good stuff. i never thought i'd hear you say it's not as fast as the reagan recovery, but you just said it. >> i say that every time whenever you bring it up, that's one of the great recoveries in u.s. history. it helps when you can go straight back and doing what you were doing. stuart: if only we had done in 2009 what ronald reagan did in 1982, but i'm out of time. you know i'm out of time, now that. >> which is set the highest rate at 50%? >> no. >> that's what it was. stuart: it stimulates the private sector, not all government all the time. that's the story. aw austan, i'm sorry, i really am out of time. thank you, sir. more "varney & company" in a moment. >> a strong earthquake hit the coast of japan in the same region where the fukushima plant was devastated
but the economy's added some 3 1/2 million, 4 million jobs and that is a recovery. it's not as fast as the reagan recovery. it's faster than the push recovery and it's factored somewhere in there. >> i never thought i'd hear you say-- >> a starting point clearly was-- >> all right, i take your point. it's good stuff. i never thought i'd hear you say it's not as fast as the reagan recovery, but you just said it. >> i say that every time whenever you bring it up, that's...
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i want the best policy which will grow america's economy and give us some prosperity. and my judgment is very clear. the best way to do that is to lower tax rates, restrict deductions. that's i think how you do it. >> yeah. stuart: i agree that that plan was defeated in the last election. can you make the economic judgment, what do you think is the best way to give us growth? >> well, i'm not an economist. i don't think that raising -- putting the tax rates back to the clinton level -- clinton era level is going to harm the economy. but if you could not raise taxes and you could make it up another way, i do think that's the better way to go. and, you know, i think the president is now appealing a little bit to the base on insisting on it has to be the tax rates, when he should be open to -- and maybe he will be -- this could just be a negotiating tactic, he should be open to the idea of closing loopholes eliminating deductions and making up the revenue in another way. stuart: i was right. >> you're very sensitive to drifting. stuart: i have never been described as sens
i want the best policy which will grow america's economy and give us some prosperity. and my judgment is very clear. the best way to do that is to lower tax rates, restrict deductions. that's i think how you do it. >> yeah. stuart: i agree that that plan was defeated in the last election. can you make the economic judgment, what do you think is the best way to give us growth? >> well, i'm not an economist. i don't think that raising -- putting the tax rates back to the clinton level...
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Dec 11, 2012
12/12
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and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't
and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services...
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Dec 12, 2012
12/12
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they are more about the right to earn less pay than they are, you know, helpful to our economy. and he presented those views yesterday in michigan. stuart: all right. kirsten, i want to make three points. i think the president should have made a clear distance between himself, the administration, and what happened on the streets there. second point, i think the unions have really lost a big one in michigan, and number three, i don't think you should ever take your politics into the street and get into violent confrontations, no matter which side of the aisle you are on. >> well, i mean of course. who is going to disagree with that? i think what jay carney was referring to there was a comment by one of the leaders on the pro-union side saying there will be blood in the streets and he was asked to condemn that and why can you not condemn that? that doesn't make any sense. they clearly are afraid of upsetting the unions. so i think that kind of behavior absolutely should be condemned. i mean, i can't disagree with that. stuart: i think the events over the last couple of days in mic
they are more about the right to earn less pay than they are, you know, helpful to our economy. and he presented those views yesterday in michigan. stuart: all right. kirsten, i want to make three points. i think the president should have made a clear distance between himself, the administration, and what happened on the streets there. second point, i think the unions have really lost a big one in michigan, and number three, i don't think you should ever take your politics into the street and...
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rowe price, we unrstand the connections of a colex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull before investing. stuart: ed asner does not seem party -- sorry about a cartoon he voiced for the california teachers' union showing a rich guy urinating on poor people. producer sean hannity asked about it. >> you remember the video? >> they agreed to do it. i approve this message. >> the most controversial, talk about things trickling down like ridge people peeing on poor people. >> should be reversed. >> you don't remember -- >> you have any money? stuart: isn't that cute? charles have a reaction to ed asner. charles: should had the initiative and with tommy chong in the last bit. he was really slurring his words. he is one of these guys who is proud of his handiwork i don't care what it is and he proved it. it is pretty despicable. st
rowe price, we unrstand the connections of a colex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull before investing. stuart: ed asner does not seem party -- sorry about a cartoon he voiced for the california teachers' union showing a rich guy urinating on poor people. producer...